On Monday, Shares of Marathon Petroleum Corp (NYSE:MPC), added 1.68% and closed at $42.47 in the last trading session. The last trading range of the stock ranges between $42.02 and $42.63. The company’s Market capitalization is $22.14 Billion with the total Outstanding Shares of 528.76 million. Marathon Petroleum Corp (MPC.N) alleged BP Plc (BP.L) failed to deliver a Texas oil refinery and three products terminals in the condition promised under a $2.4-billion sales agreement signed in 2012, according to a federal lawsuit filed on Monday.
Marathon took over the 459,000 barrel-per-day (bpd) refinery in Texas City, Texas, and terminals when the transaction closed on Feb. 1, 2013, and began finding problems that breached the sale agreement, according to the lawsuit.
“After assuming operation of the refinery, Marathon Petroleum discovered that, in numerous respects, the refinery and the terminals were not in compliance with environmental laws,” according to the lawsuit.
BP also failed to maintain process safety information on 3,756 pressure vessels at the refinery, Marathon alleged.SOURCE REUTER
Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE), dropped -2.52% and closed at $37.87 in the last trading session. The last trading range of the stock ranges between $37.83 and $38.48. The company’s Market capitalization is $18.75 Billion with the total Outstanding Shares of 482.55 million. During the 52-week trading session the minimum price at which share price traded, registered at $33.67 and reached to max level of $54.54. Coca-Cola European Partners plc (CCEP) (ticker symbol: CCE) will host an event with shareholders and analysts in Barcelona recently, Tuesday, 27 September 2016.
The meeting will be hosted by Chairman Sol Daurella, Chief Executive Officer John F. Brock, Chief Operating Officer Damian Gammell, and Chief Financial Officer Nik Jhangiani. CCEP will webcast the presentations live through its website.
On the otherhand Target Corporation (NYSE:TGT), dropped -0.26% and closed at $68.86 in the last trading session. The last trading range of the stock ranges between $68.69 and $69.41. The company’s Market capitalization is $39.95 Billion with the total Outstanding Shares of 574.86 million. During the 52-week trading session the minimum price at which share price traded, registered at $65.50 and reached to max level of $84.14. Reed’s, Inc. (REED), maker of the top selling craft sodas nationwide recently declared that Reed’s Ginger Brews are now authorized and available in 1,335 Target stores throughout the country. Target is headquartered in Minneapolis, Minnesota and is the second leading discount retailer in the U.S., operating 1,792 locations. Reed’s Extra Ginger Brew and Reed’s Original Ginger Brew launched in stores last week and will be featured in Target’s craft soda specialty set.
Neal Cohane, SVP Sales & Marketing commented, “This launch in Target is a great opportunity to expand our brand presence in the mainstream mass merchandise channel and meet the growing consumer demand for the Reed’s brand. There is an evolution in the mindset of retailers across the country as consumers are drinking less of the typical artificial sodas and are seeking out healthier alternatives like Reed’s, the leader in the premium craft soda category. Target has not only recognized this shift in consumer demand, but has embraced it.”